Amana Participation Correlations

Mutual Funds . USA . 
Fund . Amana Participation Fund
AMAPX Fund  USD 9.79  0.01  0.10%   
The current 90-days correlation between Amana Participation and Schwab Health Care is 0.06 (i.e., Significant diversification). The correlation of Amana Participation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Amana Participation Correlation With Market

Very good diversification

The correlation between Amana Participation Fund and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amana Participation Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amana Participation Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Amana Mutual Fund

  0.9AMIPX Amana ParticipationPairCorr
  0.84FBNRX Templeton Global BondPairCorr
  0.9RCWBX Capital World BondPairCorr
  0.89CCWFX Capital World BondPairCorr
  0.89CCWCX Capital World BondPairCorr
  0.9RCWEX Capital World BondPairCorr
  0.89CCWEX Capital World BondPairCorr
  0.89RCWCX Capital World BondPairCorr
  0.9RCWGX Capital World BondPairCorr
  0.9RCWFX Capital World BondPairCorr
  0.84BXECX Barings Emerging MarketsPairCorr
  0.84BXEIX Barings Emerging MarketsPairCorr
  0.84BXEAX Barings Emerging MarketsPairCorr
  0.88HLDIX Hartford EmergingPairCorr
  0.84HLDRX Hartford EmergingPairCorr
  0.83HLDAX Hartford EmergingPairCorr
  0.82HLDCX Hartford EmergingPairCorr
  0.82HLDTX Hartford EmergingPairCorr
  0.84VSTBX Vanguard Short TermPairCorr
  0.83TOIIX Touchstone InternationalPairCorr
  0.72FSOSX Fidelity Series OverseasPairCorr
  0.86RAMCX Short Term BondPairCorr
  0.83EIISX Parametric InternationalPairCorr
  0.86COSYX Columbia Overseas ValuePairCorr
  0.83GIRLX Goldman Sachs InternPairCorr
  0.66RNHIX Rivernorthoaktree HighPairCorr
  0.71FGADX Franklin Gold Precious Steady GrowthPairCorr
  0.77FSGEX Fidelity Series GlobalPairCorr

Moving against Amana Mutual Fund

  0.58AMDWX Amana Developing WorldPairCorr
  0.56AMIDX Amana Developing WorldPairCorr
  0.43AMIGX Amana GrowthPairCorr
  0.43AMAGX Amana GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Amana Mutual Fund performing well and Amana Participation Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Amana Participation's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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